This week ended with loss, next week will be tough as I need to recoup all the loses. Keep believing, I can do it. As a lot of missed trade that can give profit this week.
23 Jul 2022
22 July 2022 (Trade Example): NZDUSD
NZDUSD long trade on 22/7/22
- Trade during London session
- Able to gain 2R profit, what a missed
- Why I did not trade this, simply because my confident level drop as at this point I loss around $44 for this week.
22 Jul 2022
21 July 2022: USDJPY
USDJPY long trade on 21/7/22
Pre-Analysis:-
- Correlation favors USD as stronger than JPY. Fundamental sentiment also shows USD strong.
- Entry during Asian session.
Post Analysis:-
- Trade end up loss.
- Several key mistake, I did not check on economic calendar and there was a news release related to JPY.
- This could potentially got spike on price.
- But my entry hit stop before news release. During news release price spike out and still if previously my entry not out but this time it will hit the stop.
- Although after news release, price started to push up but eventually during New York session sellers dominated and hammered the price back down.
- This is a difficult trade situation unfortunately.
20 Jul 2022
20 July 2022 (Trade Example): GBPNZD & EURCAD
* GBPNZD short trade on 20/7/22:-
- Based on daily & 4 hour timeframe, correlation shows NZD stronger than GBP
- Entry could be made during Asian session around 11:00am
- Update:- trade able to gain profit, depending where you decide to close the trade
* EURCAD short trade on 20/7/22:-
- Based on daily timeframe CAD was stronger than EUR in correlation.
- Entry during London session, around 6:00pm
- Update:- trade able to give profit but depending on where you exit/close your trade.
- I'm hesitate to take this trade even though the setup appear in front of me around 6:30pm time. This due to lack of preparation on this coming trade and I got unprepared for this opportunity.
- Need to close monitor a pair if it appear to have setup so that I not going to miss a profitable trade. Such a waste!.
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